Capital built for construction.
Bridge progress-billing gaps, finance heavy equipment, mobilize on new contracts, and free up working capital tied in receivables — all through one institutional desk.
Overview
Construction capital, structured for how operators actually work.
Construction operators carry uneven cash flow by design: progress billing, retainage, and material-cost spikes create funding gaps that traditional banks rarely address with speed. Summit places capital with lenders who underwrite contract backlog, equipment value, and project-level economics — not just two years of clean tax returns.
Industry Challenges
What we underwrite that banks won't.
5–10% of every invoice held until project close ties up months of margin. Invoice financing and ABL turn that receivable into liquidity.
Owned equipment carries unlocked equity. Sale-leasebacks and equipment refinance free up cash without selling the asset.
Working capital lines improve current ratio and bonding capacity, unlocking larger contract awards.
Recommended Capital
Best-fit funding for construction.
Finance excavators, trucks, attachments, and trailers with the equipment as collateral. Up to 100% financing including soft costs.
Advance against unpaid progress invoices and retainage. Same-day liquidity against creditworthy GCs and owners.
Standby revolving capital for payroll, materials, and project mobilization between draws.
Frequently Asked
Questions from construction operators.
Can I get financing on a newly awarded contract with no historical revenue from it?+
Yes. Contract-based lenders advance mobilization capital against the executed contract, GC creditworthiness, and your operating history. Most decisions in 48–72 hours.
Will lenders finance progress invoices and retainage?+
Construction-friendly factors and ABL lenders specifically underwrite progress billing. Retainage is typically advanced at a lower rate (40–60%) versus current invoices (80–90%).
Do I need clean tax returns?+
For equipment and invoice facilities, no — bank statements, AR aging, and equipment value drive underwriting. Term loans and SBA do require returns.
Next Step